Owning a single-family rental property means you need to focus on protecting your investment. Renovating your rental property can preserve its value and draw in quality tenants. Identifying which upgrades are worth the investment is key.
We have exclusive information on the most cost-effective upgrades in Rexburg. Top industry experts recommend upgrading your appliances, floors, and fixtures as key investments.
Upgrading can boost your rental property’s value and charm, appealing more to potential tenants. Consider giving your rental home some attention to make it stand out among the rest.
Modern Appliances
Prospective renters typically ask about appliances first when renting a home. To retain tenants long-term, it’s crucial to maintain appliances, as old or faulty ones can drive renters away.
Regularly updating your rental property’s appliances ensures you maximize your investment. It’s not necessary to splurge on cutting-edge appliances; reasonably priced models are adequate. Opt for high-quality appliances that match and preferably include a warranty.
Low-Maintenance Flooring
Enhancing your rental property with new flooring is an effective way to raise its value and draw in tenants. It’s common for carpets in a rental property to require replacement after five years. New carpeting can attract high-quality, long-term tenants who appreciate a well-kept home.
Keep other flooring types in optimal condition by regular cleaning and replacing them when necessary. Fresh grout for tile floors and replacing any dingy or damaged solid flooring will boost your rental property’s visual appeal. Quality, low-maintenance flooring is a wise investment that helps keep your rental property valuable and attractive to desirable tenants.
Enhanced Fixtures
Small tweaks often lead to major improvements. Significant enhancements to rental properties can be achieved by updating key fixtures such as faucets, light fixtures, ceiling fans, and blinds. Given their affordability and ease of installation, these fixtures are perfect for Rexburg landlords seeking property improvements.
Updating fixtures regularly is crucial to sustain your property’s market value. Swapping out simple hardware, such as doorknobs and outlet covers, can make a rental feel more upscale, pleasing tenants. Even these minor adjustments can greatly enhance the look and appeal of your rental property to prospective renters.
Do you want to increase your rental property’s market value, improve tenant retention, or raise rents?
Saying yes indicates that the affordable maintenance solutions from Real Property Management Southeast Idaho, featuring straightforward upgrades, could be what you need. To learn more about how we can assist you, please contact us online or at 208-522-2400.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
